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YSRCP sets one month time to TDP on loan waiver

July 17, 2014 - Hyderabad

YSRCP president YS Jagan Mohan Reddy has set a month time to Chandrababu Naidu led TDP government to fulfil its promise on loan waiver.

Speaking to media at Srikakulam on his two days visit, Jagan Mohan Reddy said that the TDP president Naidu has told to the EC of having worked out all logistics on loan waiver and said it is feasible. He said that in the subsequent meetings that he had nine years of Chief Minster experience and could implement the scheme.

Believing his words, people have voted TDP to power and now he is exploring ways to avoid implementation of the waiver scheme. Jagan Mohan Reddy said that YSRCP is with the people and will agitate if the loans are not waived within a month.

Now that Chandrababu Naidu is trying to get loans reschedule but it has in the practice for the past ten years. He said that the RBI announced of rescheduling only Rs.10,000 crore of loans while the rest of Rs.90,000 have been let off.

He went of saying that Naidu said that the loans will be waived only by the sale proceeds of red sanders and wondered if at best can get Rs.15,000 crore and questioned the difference of nearly Rs.87,000 crores with the expected total of Rs.1.02 lakh crores.

Jagan Mohan Reddy said that if the loans are not waived completely within a month, the party would agitate against the TDP government, he said.

Andhra News

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